Baylake Bank Offers
Summertime Tips to Help You Keep Your Cash Cool
June 24, 2009 - It’s finally starting to feel like summertime, so
staying inside with your finances might not sound like a very
exciting option. But a midyear review of your tax situation,
retirement funds, and spending can be far more valuable than the
rushed attempt most people make at the end of the year—or when it’s
too late at tax time.
Summer’s actually a good time to do this task because there’s still
enough time to correct lapses in savings, spending, or tax planning.
Here’s what most people should cover...
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$250,000 Deposit Coverage
Extended
Deposits at FDIC-insured institutions
like Baylake Bank are now insured up to at least $250,000 per
depositor through December 31, 2013. According to Teresa
Rosengarten, Baylake Bank Executive Vice President, the FDIC has
announced that the 2013 date supersedes the 2008 changes which
extended FDIC coverage from $100,000 to $250,000 only through the
end of 2009. With the latest regulatory revision, coverage will
remain at $250,000 for accounts – including those held by
individuals, corporations, partnerships, limited liability
companies, and municipalities – until January 1, 2014, when the
standard insurance amount will return to $100,000 per depositor for
all account categories except for IRAs and other certain retirement
accounts (which will remain at $250,000 per depositor).
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Baylake Bank Promotes Lammersfeld to Central Region Market President
Baylake Bank Senior Vice President of Human Resources Sharon Haines
has announced the promotion of Kenneth R. Lammersfeld to the
position of Regional Market President for Baylake Bank’s Central
Region. Lammersfeld is currently the Training and Sales Development
Manager at Baylake Bank, and recently assumed his new
responsibilities as Market President. Lammersfeld is primarily
responsible for leading a 35-member team of financial services
professionals, and developing customer and community relationships
through the six Baylake Bank financial centers located within the
marketplace in and around Waupaca, Wisconsin.
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